Home > Insider Trading > Filing (0001628280-25-025978)

Filing Details

Accession Number:: 0001628280-25-025978
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-05-15 16:28:29
Reporting Period:: 2024-05-28

Filing Date:: 2025-05-15
Accepted Time:: 2025-05-15 16:28:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1637873	Acv Auctions Inc.	ACVA	Services-Business Services, Nec (7389)	472415221

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1851495	Michael Waterman	C/O Acv Auctions Inc. 640 Ellicott St., Suite 321 Buffalo NY 14203	Chief Sales Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2025-05-13	179,503	$0.06	669,381	No	4	M	Direct
Class A Common Stock	Acquisiton	2025-05-13	20,497	$0.14	689,878	No	4	M	Direct
Class A Common Stock	Disposition	2025-05-13	223,330	$17.00	466,548	No	4	S	Direct
Class A Common Stock	Disposition	2024-05-28	60,912	$0.00	405,636	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	J	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option (Right to Buy)	Disposition	2025-05-13	179,503	$0.00	179,503	$0.06
Class A Common Stock	Employee Stock Option (Right to Buy)	Disposition	2025-05-13	20,497	$0.00	20,497	$0.14
Class A Common Stock	Performance Stock Unit	Acquisiton	2024-05-28	60,912	$0.00	60,912	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2026-10-25	No	4	M	Direct
302,692	2027-08-26	No	4	M	Direct
60,912	2027-07-01	No	4	A	Direct

Footnotes

Shares sold pursuant to a Rule 10b5-1 trading plan enter into on December 10, 2024.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.66 to $17.17 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
In a Form 4 filed on June 3, 2024 the PSU grant reflected here, due to an administrative error, was reported as Class A Common Stock in Table I rather than a PSU grant in Table II. The PSUs are hereby being removed from Table I and correctly reported in Table II.
One-fourth (1/4th) of the shares subject to the option award vested on October 26, 2017, and thereafter one-forty-eighths of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.
One-fourth (1/4th) of the shares subject to the option award vested on July 1, 2018, and thereafter one-forty-eighths of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.
The PSUs are subject to both service-based vesting conditions and a requirement that the average closing price of the Class A Common Stock of Company, as measured over a period of 30 trading days commencing at the grant date and ending July 1, 2027, equals or exceeds a designated level (the "Stock Price Condition"). The PSUs will vest in one-third installments on each of July 1, 2025, 2026 and 2027, provided that the Stock Price Condition has been satisfied prior to the relevant date. If the Stock Price Condition has not yet been satisfied prior to the relevant date, then the PSUs that otherwise would have vested on such date will remain unvested unless and until the Stock Price Condition has been satisfied, subject to the Reporting Person's continuous service through the relevant vesting date.